klarx, a Munich, Germany-based online rental platform for construction equipment, raised €4m in funding.
The round was led by Target Global with participation from Lukasz Gadowski (Delivery Hero) and Jonathan Teklu (Springstar).
The company intends to use the capital to expand the team, continue to grow across Europe, develop the platform and increase the number of strategic partnerships.
Founded in 2015 by Matthias and Florian Handschuh, and Vincent Koch, klarx operates an online platform for construction equipment and heavy machinery rental.
As an independent full-service provider, the company digitalizes the entire rental process for rental stations and lessees. The platform offers transparent overviews of final rental prices – including logistics and insurance – and availabilities for equipment.